Abstract
The political crisis that resulted in unrest in the Donetsk and Luhansk regions of Ukraine
evolved into a war between the post-revolutionary Ukrainian government and pro-Russian insurgents.
A large-scale military conflict has undoubtedly produced an extremely negative impact on the
country's economic potential, not very strong as it was. It encompasses both the outcomes of the direct
destruction of the economy in the region – both the occupied areas and those controlled by Ukraine –
and problems caused to enterprises directly connected with it.
Implementation of an entire range of long-due political, social and economic reforms at
present opens the window of opportunity to a radical response, but at the same time requires very
precise coordination of specific innovations addressable specifically to Donbas, with the universal
ones to be applied throughout Ukraine, and with the commitments that the state undertook within the
EU association.
Lack of resources considerably limits the possibilities to channel budget funds for Donbas
recovery; expectations of foreign investment may not materialize, therefore extremely important is the
mobilization of funds of the population
References
- ANGELOVSKI, D. (2015), Socio-Economic Impact and ends assessment-Donbass-Ukraine, FAO, United Nations.
- ASLUND, A. (2014), Is it possible to salvage the economy of Donbas? Peterson Institute for International Economics (Available on: https://www.piie.com/publications/opeds/print.cfm?ResearchId=2717&doc=pub (Data Accessed on 16 April 2016).
- BIRD, M., VDOVII, L. and TKACHENKO,Y.. The Donbass Paradox: Russian-backed separatists have plundered the rebel-held regions in Ukraine’s industrial heartland and created an economy stricken with fear, hypocrisy and contradiction. (Available on: http://www.theblacksea.eu/donbass/ (Data Accessed on 17 April 2016)
- BUGRIY. M. and TRETIAK, T. (2015). Destruction of Donbas economy supports local Russia-backed ‘insurgency’. Eurasia Daily Monitor (Available on: http://www.ukrweekly.com/uwwp/destruction-of-donbas-economy-supports-localrussia-backed-insurgency/ (Data Accessed on 17 April 2016)
- EUROPEAN COMMISSION, Humanitarian Aid and Civil Protection-Ukraine (Available on: http://ec.europa.eu/echo/files/aid/countries/factsheets/ukraine_en.pdf (Data Accessed on 15 April 2016)
- KIRCHNER, R. and GIUCCI, R. (2014), The Economy of the Donbass in Figures, The Institute for Economic Research and Policy Consulting, Germany.
- MINISTER OF FINANCE OF UKRAINE (2016) (Available on: http://index.minfin.com.ua/index/average/ (Data Accessed on 19 April 2016).
Abstract
The political crisis that resulted in unrest in the Donetsk and Luhansk regions of Ukraine
evolved into a war between the post-revolutionary Ukrainian government and pro-Russian insurgents.
A large-scale military conflict has undoubtedly produced an extremely negative impact on the
country's economic potential, not very strong as it was. It encompasses both the outcomes of the direct
destruction of the economy in the region – both the occupied areas and those controlled by Ukraine –
and problems caused to enterprises directly connected with it.
Implementation of an entire range of long-due political, social and economic reforms at
present opens the window of opportunity to a radical response, but at the same time requires very
precise coordination of specific innovations addressable specifically to Donbas, with the universal
ones to be applied throughout Ukraine, and with the commitments that the state undertook within the
EU association.
Lack of resources considerably limits the possibilities to channel budget funds for Donbas
recovery; expectations of foreign investment may not materialize, therefore extremely important is the
mobilization of funds of the population
References
- ANGELOVSKI, D. (2015), Socio-Economic Impact and ends assessment-Donbass-Ukraine, FAO, United Nations.
- ASLUND, A. (2014), Is it possible to salvage the economy of Donbas? Peterson Institute for International Economics (Available on: https://www.piie.com/publications/opeds/print.cfm?ResearchId=2717&doc=pub (Data Accessed on 16 April 2016).
- BIRD, M., VDOVII, L. and TKACHENKO,Y.. The Donbass Paradox: Russian-backed separatists have plundered the rebel-held regions in Ukraine’s industrial heartland and created an economy stricken with fear, hypocrisy and contradiction. (Available on: http://www.theblacksea.eu/donbass/ (Data Accessed on 17 April 2016)
- BUGRIY. M. and TRETIAK, T. (2015). Destruction of Donbas economy supports local Russia-backed ‘insurgency’. Eurasia Daily Monitor (Available on: http://www.ukrweekly.com/uwwp/destruction-of-donbas-economy-supports-localrussia-backed-insurgency/ (Data Accessed on 17 April 2016)
- EUROPEAN COMMISSION, Humanitarian Aid and Civil Protection-Ukraine (Available on: http://ec.europa.eu/echo/files/aid/countries/factsheets/ukraine_en.pdf (Data Accessed on 15 April 2016)
- KIRCHNER, R. and GIUCCI, R. (2014), The Economy of the Donbass in Figures, The Institute for Economic Research and Policy Consulting, Germany.
- MINISTER OF FINANCE OF UKRAINE (2016) (Available on: http://index.minfin.com.ua/index/average/ (Data Accessed on 19 April 2016).
Details
| Journal Section | Articles |
|---|---|
| Authors | |
| Publication Date | July 29, 2016 |
| Published in Issue | Year 2016 Volume: 3 Issue: 3 |
